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Investment Banking

Deutsche Bank deal fees jump 54% on debt boom

The increase follows an aggressive recruitment spree of senior bankers

Deutsche Bank’s investment banking business rose  sharply during the first quarter
Deutsche Bank’s investment banking business rose sharply during the first quarter Photo: Bloomberg via Getty Images

Deutsche Bank’s dealmaking unit surged by 54% in the first quarter of 2024, as a boom in debt underwriting fuelled a rapid bounce back in fees.

The German lender hiked compensation costs within its investment bank by 12% to €686m during the period as it added front office staff, with both dealmaking and trading revenue increasing during the period.

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